1) Apple Inc. recently paid a $3.30 annual dividend on its common stock, which is expected to increase at an average rate of 12% per year. If the stock is currently trading for $135 per share, what is its market rate of return?

2) The next annual dividend payment by Bristol-Myers Squibb is expected to be $7.90 per share. The dividends are anticipated to maintain a 8.5% growth rate per year for the foreseeable future and the stock currently sells for $66 per share. What is the annual dividend yield?